Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Lot 15 Megans Way Burkesville, KY 42717

    View on Map
    For Sale
    Contact for pricing

    Residential - Burkesville, KY

    Type:Single Family Residence
    Lot size:
    1.47 Acres
    Added:
    Mar 8, 2026
    Days on Market:
    24
    Last Refresh:
    Apr 1 at 3:06 am

    Property Features for Lot 15 Megans Way

    General Information

    Property type
    Land
    Property subtype
    Single Family Residence
    Standard status
    Active
    APN
    651-029
    Lot size
    1.47 Acres

    Utilities

    Water front features
    Lake, Waterfront
    Water front
    1

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Dwayne Pierce
    Dwayne Pierce

    Listing agent Dwayne Pierce License #205655

    Listing office Keller Williams First Choice R 1550 Westen St., Bowling Green, KY

    Listing date Mar 8, 2026

    MLS# RA20261283 Listing URL

    Copyright © 2026 REALTOR® Association of Southern Kentucky, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Residential Lot Near Dale Hollow

    This 1.47-acre residential lot, identified as Lot 15, is located in the Ridges of Dale Hollow. Water and electric utilities are available at the road. The property provides access to Dale Hollow Lake State Resort Park, a golf course, a boat dock and marina, a lodge and restaurant, and campgrounds. World-class fishing opportunities are also nearby. This lot is suitable for a full-time residence, weekend getaway, or investment property.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Burkesville
    County
    Cumberland
    State
    Kentucky
    Longitude
    -85.3312
    Latitude
    36.7332

    Nearby Similar for Sale

    • $445,000

      Burkesville Shopping Center For Sale

      Commercial building in high-traffic area, near Dale Hollow Lake.
      200 N Main Street, Burkesville, KY 42717
      View Details
    • $499,900

      Burkesville Commercial Building with Apartment

      Mixed-use commercial building with apartment, shop, and retail space.
      709 S. Main St., Burkesville, KY 42717
      View Details
    • $599,000
      3,100 SF

      Residential Farm with Creek Access

      Spacious 4-bedroom home on 3.7 acres near town.
      800 Smiths Grove Road, Burkesville, KY 42717
      View Details
    • $335,000

      Kentucky Farm Property Near Lakes

      7.96-acre farm property with development potential near Lake Cumberland.
      6490 Albany Rd, Burkesville, KY 42717
      View Details
    • $44,900

      Land Near Dale Hollow Lake

      4.581 acres near Dale Hollow Lake State Resort Park.
      2036 State Park Road, Burkesville, KY 42717
      View Details
    • $199,900

      Commercial Lot in Burkesville, KY

      1.37 acre commercial lot with high traffic frontage.
      1009 North Main St., Burkesville, KY 42717
      View Details
    • $39,900

      Burkesville Vacant Land Opportunity

      1.70+/- acre parcel ideal for building a dream home.
      4187 Mud Camp Rd, Burkesville, KY 42717
      View Details
    • $5,500,000

      Kentucky Poultry Farm on Cumberland River

      Turnkey poultry farm with Tyson contract on 105 acres.
      2845 Whites Bottom, Burkesville, KY 42717
      View Details
    • $485,000

      96 Acres of Kentucky Land

      Secluded acreage with pasture, woods, and creek near amenities.
      500 Little Renox Rd, Burkesville, KY 42717
      View Details
    • $1,700,000
      1,232 SF

      600-Acre Recreational Cumberland County Farm

      Secluded 600-acre farm with income potential and recreational value.
      1384 Oil Fork Road, Burkesville, KY 42717-0000
      View Details
    • $26,500

      Burkesville Land Near Cumberland River

      One acre of land near Cumberland River with boat ramp access.
      0 Weekender Lane, Burkesville, KY 42717
      View Details
    • $759,200

      Secluded Acreage with Timber Resources

      276-acre property with timber, creek, cabin, and barn.
      Black Branch Road, Burkesville, KY 42717
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 1.47 acre residential lot near Dale Hollow Lake.
    Where is this residential land & home lot located?
    The property is located at Lot 15 Megans Way Burkesville, KY.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: 1.47 acre lot in the Ridges of Dale Hollow; Water and electric available at the road; **Elevated views and peaceful surroundings**
    (270) 782-1811
    We can help!
    Listing Contact
    Dwayne Pierce
    Dwayne Pierce
    Real Estate License ID: 205655
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!